Can a large mortgage company do business in our state without consequence for the harm it causes?

     Below is a short video where I discuss my attempts to hold a large national mortgage company responsible for doing harm to my client in the State of Oklahoma [from those long-ago days when I still published videos]

     There was at least a shred of an argument from the mortgage company that although it was doing business in Oklahoma, with Oklahoma residents, it couldn’t be held accountable in Oklahoma because it was based in another state.



Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Cazes Roberts, PLLC in Oklahoma City. I live in Edmond with wife Amy and my two children, Sam (17) and David (9). We live precisely in the path of where the "wind comes sweeping down the plains."

3 comments

Jordan Patterson

That is a very interesting problem that I have never considered. How any company that has no actual holdings in a location can be punished for wrong doings there.

Shawn J. Roberts

Yes, it’s not something I have encountered either. My plan is to try to put pressure on the mortgage company to come here to defend the action. If the company starts see a disruption in mortgage payments from borrowers that may be enough. We will see.

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